Search Result for : Manufacturing Output

The Dollar Business Bureau  India is on the track to become a ‘pivot’ for high-technology world manufacturing even the growth in global manufacturing is likely to stay low in 2016 due to a decline in financial support for production activities, said a latest UN report.  “World manufacturing production is likely to surge by just 2.8 percent this year, said the quarterly report World Manufacturing Production, published by the United Nation Industrial Development Organisation (UNIDO).  However, compared to last few years, there will be no getaway from the trap of low-growth in 2016.  Asian economies witnessed much higher growth performance, where manufacturing output increased by 6.5 percent in the Q2 of the current year.  “India’s manufacturing output, which achieved impressive growth rates in the last quarters, experienced ...

The Dollar Business Bureau    India’s industrial production registered a 3.2% decline in November last year as compared to the corresponding period of 2014, a government data said on Tuesday. The contraction was mainly due to a sharp decline in the manufacturing sector, which constitutes over 75% of the index. The sector’s output shrank by 4.4% in November 2015 as against a growth of 4.7% in the same month last year. The capital goods output also shrank by 24.4% in November 2015 compared to a growth of 7% in the corresponding month of previous year. Though the Index of Industrial Production (IPP) had expanded by 5.2% in November 2014, the cumulative growth for the period April-November 2015 over the corresponding period ...